Today, Michael Sprung and Larry Berman CFA, CMT, CTA commented about whether ZPAY-T, ZPAY-T, XDIV-T, LSPD-T, BIP.UN-T, SCHD-N, MSFT-Q, AAPL-Q, TSLA-Q, CNQ-T, HBM-T, SLF-T, MFC-T, CM-T, TD-T, TECK.B-T, BNS-T, MG-T, T-T, VET-T, RY-T, AD-T, WCP-T, TFII-T, BCE-T, RCI.B-T, CHE.UN-T, CNR-T are stocks to buy or sell.
Their last quarter was penalized due to some stop-loss insurance on their books and a small impairment from an investment in Vietnam and softer flows at MSF, their US investment arm. Is now in a range worth buying. This and MFC remain core holdings of his. It yields a safe 4.13%
(Analysts’ price target is $86.45)They operate in less politically risky areas like Peru which is expanding, and are not in Africa, and a copper mine in Arizona. Also will develop a project in Alberta. Today, they reached an agreement with the Cree Nation in Alberta--good news. Copper is needed for electricity production and we will likely see more demand in the future.
(Analysts’ price target is $14.56)We've heard from companies a lot about a cloudy future. During earnings season, more companies than not are beating, but many can't look ahead until there's clarity, given Washington's volatile policies. The outcome of the Canadian election will make little difference; Canada is so leveraged to the US economy. He may give the edge to the Tories in terms of their polices and the Liberals', but neither party will move the needle. PM Carney is the most-qualified person running a country who understands the global economy, given that he ran two central banks.
If you panic when the market is running for the exits, then do not invest by yourself, but work with an advisor. Also, do dollar-cost averaging, like not buying when markets rise 10% after buying an initial tranche, but invest in a correction, like if we return to recent lows.